Most Active Articles 2010-03-21T09:35:44.699-04:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:tax-reduction Mike Traweek mtraweek473 urn:com:businessweek:bx:article:3658723282739321256-ed064c54bb129e7b51a2d41cb3157def 2010-03-19T22:51:39.487-04:00

Paying for college? You may be able to claim a big tax break, even if you've never before qualified. That's because the Obama administration replaced an old break with a new and improved one -- but only for a limited time. To take advantage of it, you'll have to negotiate the often wacky world of tuition tax write-offs. Here's how can you best take advantage of them

Paying for college? You may be able to claim a big tax break, even if you've never before qualified. That's because the Obama administration replaced an old break with a new and improved one -- but only for a limited time. To take advantage of it, you'll have to negotiate the often wacky world of tuition tax write-offs. Here's how can you best take advantage of them http://www.ihavenet.com/Personal-Finance-Bigger-Tax-Break-for-Writing-Off-Costs-of-College-KK.html Constantinos Mikelis dmikelis084 0 0 0 0 urn:com:businessweek:bx:article:13185114113428339902-c65d4649dceb20a09a3ba0a044aa33df 2010-03-19T22:35:31.679-04:00

If you haven't started your 2009 tax return, get going -- and be ready to pay for help even if you haven't before. The American Recovery and Reinvestment Act enacted by Congress in February 2009 contained more than 50 provisions affecting 2009 and 2010 tax returns, and some were changed again in November by the Worker, Homeownership and Business Assistance Act

If you haven't started your 2009 tax return, get going -- and be ready to pay for help even if you haven't before. The American Recovery and Reinvestment Act enacted by Congress in February 2009 contained more than 50 provisions affecting 2009 and 2010 tax returns, and some were changed again in November by the Worker, Homeownership and Business Assistance Act http://www.ihavenet.com/Personal-Finance-New-Tax-Provisions-Deductions-Complicate-Tax-Return-Filing-HC.html Constantinos Mikelis dmikelis084 0 0 0 0 urn:com:businessweek:bx:article:5523610654871666233-e222e14aaf17f7558fbc73496c5f41e8 2010-03-19T16:20:22.885-04:00

If you're a sole proprietor, partner, or member of a limited liability company, you're considered self-employed for tax purposes. As such, you probably have to pay your own health insurance premiums. The good news is you can probably deduct them on page 1 of Form 1040, which is a favorable deal compared to what happens to everyone else who pays their own premiums. Here's the scoop on this self-employment tax break.

If you're a sole proprietor, partner, or member of a limited liability company, you're considered self-employed for tax purposes. As such, you probably have to pay your own health insurance premiums. The good news is you can probably deduct them on page 1 of Form 1040, which is a favorable deal compared to what happens to everyone else who pays their own premiums. Here's the scoop on this self-employment tax break. http://online.wsj.com/article/SB10001424052748704207504575129563182315310.html Robert Clough rclough406 1 1 0 0 urn:com:businessweek:bx:article:10457684369493269828-cd92264152ec9a4d0d2890d49dacbca4 2010-01-02T23:52:36.312-05:00

This post summarizes important tax changes that took effect in your 2009 tax filing and tax changes that may effect your 2010 tax planning. It is adapted from IRS Publication#17 that annually published by the Department of the Treasury of IRS. However, the information given does not cover every item on every situations and it is not intended to replace the law or change its meaning.

This post summarizes important tax changes that took effect in your 2009 tax filing and tax changes that may effect your 2010 tax planning. It is adapted from IRS Publication#17 that annually published by the Department of the Treasury of IRS. However, the information given does not cover every item on every situations and it is not intended to replace the law or change its meaning. http://accounting-financial-tax.com/2009/12/2009-2010-tax-breaks-what-is-new/ Lie Dharma Putra, CPA lputra284 147 147 0 0 urn:com:businessweek:bx:article:13458225289262119099-a1da27a61ad4e97e6840bbdc6b5dc58c 2010-03-01T13:30:42.662-05:00

Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Corporations and limited liability companies (“LLCs”) are preferred business structures because, unlike sole proprietorships and partnerships, both offer liability protection. This means that the owner of a company cannot be held personally responsible for the company’s debts. The personal assets of an owner are shielded from company liabilities. In researching the various business structures, one inevitably comes across the S corporation. S corps and LLCs are similar in that they are both “pass-through” entities for tax purposes; the income of these companies are passed through to their owners and reported on the owners’ personal income tax returns, thereby eliminating the double taxation incurred by owners of a standard corporation, or C corporation. (With a C corporation, the net business income is subject to corporate income tax, and the monies remaining after the corporate income tax are taxed a second time when they are distributed as dividends to its owners who must then pay personal income tax.) So what is the difference between an S corporation and an LLC? And which structure is right for you?

Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Corporations and limited liability companies (“LLCs”) are preferred business structures because, unlike sole proprietorships and partnerships, both offer liability protection. This means that the owner of a company cannot be held personally responsible for the company’s debts. The personal assets of an owner are shielded from company liabilities. In researching the various business structures, one inevitably comes across the S corporation. S corps and LLCs are similar in that they are both “pass-through” entities for tax purposes; the income of these companies are passed through to their owners and reported on the owners’ personal income tax returns, thereby eliminating the double taxation incurred by owners of a standard corporation, or C corporation. (With a C corporation, the net business income is subject to corporate income tax, and the monies remaining after the corporate income tax are taxed a second time when they are distributed as dividends to its owners who must then pay personal income tax.) So what is the difference between an S corporation and an LLC? And which structure is right for you? http://www.powerhomebiz.com/vol136/structure.htm Larry Brauner lbrauner022 6 5 0 1 urn:com:businessweek:bx:article:11494719244189126861-98d5c983fdcbc920479b44c04ef312cb 2010-02-26T15:03:45.953-05:00

Check how Union Budget 2010-11 has affected your personal income tax liabilities. Use this simple excel based Tax Impact Calculator updated and modified as per the proposed Direct Tax changes applicable for FY 2010-11 or assessment year 2011-12.

Check how Union Budget 2010-11 has affected your personal income tax liabilities. Use this simple excel based Tax Impact Calculator updated and modified as per the proposed Direct Tax changes applicable for FY 2010-11 or assessment year 2011-12. http://www.personalmoney.in/income-tax-impact-calculator-budget-2010-11/1586 Manish Misra mmisra977 4 3 0 1 urn:com:businessweek:bx:article:2663331730676151888-5f1ae7dbf0ddc6c25cf1a0467c2a24e9 2010-02-26T13:41:41.732-05:00

A reader of my previous articles on non-profit organizations asked, “Why would someone want to form a non-profit organization and not want to become a 501c3?” What is a Non-Profit? Simply put, a non-profit — or not for profit — is an organization...

A reader of my previous articles on non-profit organizations asked, “Why would someone want to form a non-profit organization and not want to become a 501c3?” What is a Non-Profit? Simply put, a non-profit — or not for profit — is an organization... http://nexstepsmallbusinessservices.com/blog/?p=453 Larry Brauner lbrauner022 0 0 0 0 urn:com:businessweek:bx:article:12993516870274669609-7086387ea4f2940d8146e0e562b9392d 2010-02-21T19:29:29.291-05:00

American taxpayers, if you believe in stereotypes, are scurrying around this time of year, rummaging shoeboxes for receipts and other paperwork to support itemized tax-deduction claims. In reality, most taxpayers, including me, don't bother...

American taxpayers, if you believe in stereotypes, are scurrying around this time of year, rummaging shoeboxes for receipts and other paperwork to support itemized tax-deduction claims. In reality, most taxpayers, including me, don't bother... http://www.ihavenet.com/Personal-Finance-Standard-Deduction-Will-be-Higher-For-Many-Taxpayers-HC.html Constantinos Mikelis dmikelis084 3 3 0 0 urn:com:businessweek:bx:article:3832981638546127636-ca5ae4621349d0185b3206200df2d597 2010-02-01T06:23:48.783-05:00

In an effort to curb employee departures that could result from the recently enacted British 50% income tax levy on high earners, BlueCrest Capital Management is moving 50 of its highest paid traders from London to Geneva. According to a Times...

In an effort to curb employee departures that could result from the recently enacted British 50% income tax levy on high earners, BlueCrest Capital Management is moving 50 of its highest paid traders from London to Geneva. According to a Times... http://www.hedgetracker.com/article/BlueCrest-Capital-shipping-50-traders-to-Geneva-to-avoid-British-tax-hike Todd Walker rwienke085 23 23 0 0 urn:com:businessweek:bx:article:13970215926042292754-682410761c5faaf5248842dcc9fde458 2008-11-17T18:14:00.000-05:00

After weeks of debate, we're no closer to consensus in Washington on a bailout for the Big Three auto companies.

After weeks of debate, we're no closer to consensus in Washington on a bailout for the Big Three auto companies. http://feeds.feedburner.com/~r/CapitalGainsAndGames/~3/456344704/auto-industry-bailout-pros-and-cons 247 247 0 0 urn:com:businessweek:bx:article:2817411356542502991-d956a8c494eb5a74bb430239085a5083 2009-04-11T02:13:00.000-04:00

If it is your first time selling a home , then the answer is no. You do not have to pay taxes on it.This is if you live in the USA.

If it is your first time selling a home , then the answer is no. You do not have to pay taxes on it.This is if you live in the USA. http://www.blurtit.com/q723465.html 267 267 0 0 urn:com:businessweek:bx:article:12789666820306173692-a42b22ec70d0dfa1d5c426a8021090a4 2010-01-13T03:17:14.541-05:00

The main purpose of investing for most investors is tax saving. Equity linked saving schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But, how do you separate the wheat from the chaff?

The main purpose of investing for most investors is tax saving. Equity linked saving schemes (ELSS) are those mutual fund schemes that help you save taxes as well as generate decent returns. But, how do you separate the wheat from the chaff? http://www.personalmoney.in/top-10-mutual-fund-elss-schemes-to-save-taxes/1481 Manish Misra mmisra977 18 17 0 1 urn:com:businessweek:bx:article:15022616401921865709-deccee71a47c66f70b404e74d3dff091 2009-01-04T22:20:38.391-05:00

President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion in tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package.

President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion in tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package. http://online.wsj.com/article/SB123111279694652423.html Shirley Brady sbrady224 111 109 0 2 urn:com:businessweek:bx:article:11413257583234045216-a75a5756f15448acc9329d9276a50c6d 2009-11-06T12:58:28.529-05:00

2009 Tax Time is right around the corner, as it’s November already, and the end of 2009 is quickly approaching. However the 2009 tax year offers opportunities that are a little bit outside the norm. There are numerous ways to take advantage of tax breaks that will expire before the start of 2010.

2009 Tax Time is right around the corner, as it’s November already, and the end of 2009 is quickly approaching. However the 2009 tax year offers opportunities that are a little bit outside the norm. There are numerous ways to take advantage of tax breaks that will expire before the start of 2010. http://www.erollover.com/blog/2009-year-end-planning-tax-tips/ Mike Rowan mrowan998 44 44 0 0 urn:com:businessweek:bx:article:18321201285248287119-4c9695ea7ac352948f623d74981978d0 2008-12-18T17:34:26.231-05:00

During the worst economic crisis in a lifetime, the right financial decisions are crucial. BusinessWeek asked financial planners for some advice on what to do—or not to do—with your money in the New Year.

During the worst economic crisis in a lifetime, the right financial decisions are crucial. BusinessWeek asked financial planners for some advice on what to do—or not to do—with your money in the New Year. http://www.businessweek.com/investor/content/dec2008/pi20081217_317510.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis Lauren Young lyoung404 74 72 0 2 urn:com:businessweek:bx:article:12721100224347633879-ff96d147219d7715d7bd623c341e2735 2010-01-04T15:47:15.259-05:00

An Excellent Overview of Tax deductions related to your mortgage

An Excellent Overview of Tax deductions related to your mortgage http://www.erate.com/refinance_tax_deductible_closing_costs_refinance_mortgage.htm Jeff Howard jhoward628 7 7 0 0 urn:com:businessweek:bx:article:6258365496070580320-91c2407b8baf51f04bed402cd97e8231 2010-01-13T07:32:49.181-05:00

(CNNMoney.com) -- For two years, Dr. James Smouse of Atlanta Oral and Facial Surgery tried to convince his younger partners to participate in a cash balance pension plan, a unique defined-benefit plan that offers business owners the opportunity to...

(CNNMoney.com) -- For two years, Dr. James Smouse of Atlanta Oral and Facial Surgery tried to convince his younger partners to participate in a cash balance pension plan, a unique defined-benefit plan that offers business owners the opportunity to... http://money.cnn.com/2010/01/13/smallbusiness/cash_balance_pension_plan/index.htm?section=money_smbusiness&utm_source=SmallBusinessBrief Robert Clough rclough406 1 1 0 0 urn:com:businessweek:bx:article:3043813569837477767-0dbfeb007c014612ecd678463fd2fca8 2010-01-16T16:35:08.936-05:00

As the U.S. tax code has become increasingly complex, roughly 80 percent of the nation's taxpayers have turned to paid preparers and computer software to complete their annual returns. The bad news: Paying a professional won't necessarily make your return accurate -- and it won't absolve you of liability if your preparer messed up. So how do you hire a competent tax preparer?

As the U.S. tax code has become increasingly complex, roughly 80 percent of the nation's taxpayers have turned to paid preparers and computer software to complete their annual returns. The bad news: Paying a professional won't necessarily make your return accurate -- and it won't absolve you of liability if your preparer messed up. So how do you hire a competent tax preparer? http://www.ihavenet.com/Personal-Finance-How-to-Hire-a-Tax-Preparer-KK.html Constantinos Mikelis dmikelis084 0 0 0 0 urn:com:businessweek:bx:article:526501243709333390-fdd02db2ffc4739a8cf3825e2769763a 2009-12-08T13:51:07.012-05:00

The biggest single area which gives rise to tax investigations is property, and this has been the case for at least the last 20 years.

The biggest single area which gives rise to tax investigations is property, and this has been the case for at least the last 20 years. http://www.horwathcw.com/hwClarkWhitehill/OurServices/Tax-investigations/PropertyMatters.cfm Internet Marketing SEO London UK sseolondonuk462 4 3 0 1 urn:com:businessweek:bx:article:13899185549360009474-8db770ff2424341420abf644c032ed24 2009-12-01T13:31:23.659-05:00

Taxes are probably the last thing you want to think about during the holiday season. But if you do, you may be able to save yourself some money and a lot of heartache in 2010. Here's what you should be thinking about before year's end

Taxes are probably the last thing you want to think about during the holiday season. But if you do, you may be able to save yourself some money and a lot of heartache in 2010. Here's what you should be thinking about before year's end http://www.ihavenet.com/Tax-Planning-During-Holidays-Can-Generate-Gifts-April-15-Kathy-M-Kristof.html Constantinos Mikelis dmikelis084 6 6 0 0 urn:com:businessweek:bx:article:9170080748055759582-cfb02802a81f5632fcbe004d0242ab60 2009-12-26T14:29:48.842-05:00

Everybody's situation is different and these moves may not all apply to you or save you as much. But the idea works for all taxpayers: By taking the time to plan now, you save loads of time later and possibly a nice chunk of change

Everybody's situation is different and these moves may not all apply to you or save you as much. But the idea works for all taxpayers: By taking the time to plan now, you save loads of time later and possibly a nice chunk of change http://www.ihavenet.com/Personal-Finance-Careful-Planning-Can-Save-Thousands-at-Tax-Time-Humberto-Cruz.html Constantinos Mikelis dmikelis084 0 0 0 0 urn:com:businessweek:bx:article:3648969969152267588-324a9ce0e7b1b64534d0fd0e1c2a4029 2008-10-16T13:42:20.474-04:00

If tax time is more terrifying to you than a Halloween ghoul, read on.

If tax time is more terrifying to you than a Halloween ghoul, read on. http://www.schwab.com/public/schwab/research_strategies/market_insight/financial_goals/tax/twenty_tax_tips_for_year_end_2008.html Lauren Young lyoung404 42 42 0 0 urn:com:businessweek:bx:article:13897156518591817991-e091557ed695c5f0c3912a3f743a9c90 2009-12-07T11:01:02.724-05:00

Reporting from Washington - If you're thinking about applying for the new $6,500 home buyer federal tax credit or the extended $8,000 version, the Internal Revenue Service has just issued its first formal guidelines for you. Tops on the agency's...

Reporting from Washington - If you're thinking about applying for the new $6,500 home buyer federal tax credit or the extended $8,000 version, the Internal Revenue Service has just issued its first formal guidelines for you. Tops on the agency's... http://www.latimes.com/classified/realestate/news/la-fi-harney6-2009dec06,0,6231841.story Charles Dubow cdubow602 3 3 0 0 urn:com:businessweek:bx:article:13367967994415870919-e83aa74a61e9e435ea2f7147d4dba722 2009-03-09T21:18:16.288-04:00

TurboTax Deluxe Online takes care of your federal filing needs for $29.95, state filing is an additional $34.95, and E-Filing is free for both. With the online service you can fill in all of the...

TurboTax Deluxe Online takes care of your federal filing needs for $29.95, state filing is an additional $34.95, and E-Filing is free for both. With the online service you can fill in all of the... http://www.efederaltaxes.com/filetaxes/tax-software/turbo-tax-software Mike Rowan mrowan998 25 25 0 0 urn:com:businessweek:bx:article:3460014908024182096-1b80148d315ee6b81bad9af1633002a1 2009-03-02T23:11:30.493-05:00

$100 Million in Tax Credits is Available to Californians $100 Million in Tax Credits is Available to Californians for new construction homes. Very strict rules, first come - first served.

$100 Million in Tax Credits is Available to Californians $100 Million in Tax Credits is Available to Californians for new construction homes. Very strict rules, first come - first served. http://www.irina4realestate.com/100-million-in-tax-credits-is-available-to-californians/ Irina Netchaev inetchaev303 22 20 0 2